No Additional Loans Clause Samples

No Additional Loans. During the Forbearance Period, the Borrowers may not request or obtain any additional Loans. Notwithstanding the foregoing, the Agent may make Protective Advances, reimburse Letter of Credit disbursements and pay other Obligations coming due (including costs and expenses under this Agreement) by causing additional Loans to be disbursed therefor, including in accordance with Sections 2.1.6, 2.2.2, 2.3.2 and 4.1.1 of the Loan Agreement.
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No Additional Loans. Incur, create, assume or permit to exist any mortgage warehousing loans or gestation loans except (a) to Bank under the terms of this Agreement, (b) gestation-type or sale-purchase loan facilities for the purpose of temporarily bulking/accumulating Non-Conforming Mortgage Loans previously funded by Bank under the terms of this Agreement, (c) loans secured by liens permitted under Section 7.02 hereof, and (d) loans from Members which are subordinate to this Loan.
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No Additional Loans. In light of the reduction of the Revolving Credit Commitments pursuant to Section 6A and the amount of the outstanding Letters of Credit, the Borrower shall have no further right to request, and the Agent and the Lenders shall have no further obligation to make, any additional Revolving Loans under the Financing Agreement, other than forced loans due to draws upon the outstanding Letters of Credit.
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No Additional Loans. Borrower, Agent and the Banks hereby agree that, on and after the date of this Amendment and notwithstanding anything in the Credit Agreement to the contrary, Borrower shall not request any additional Loans or Letters of Credit and the Banks shall not be obligated to make any further Loans and Agent shall not be obligated to issue any further Letters of Credit; provided, however, that, on and after the date hereof and notwithstanding anything in the Credit Agreement to the contrary, Borrower may (a) reborrow any LIBOR Loan that is in Italian Lira at the end of each Interest Period applicable thereto (provided that Borrower shall not select an Interest Period greater than one (1) month), or (b) extend the expiry date of or replace any existing Letter of Credit, so long as the Letter of Credit Exposure is not increased. Borrower hereby confirms that as of the date hereof the outstanding principal balance of all loans and the Letter of Credit Exposure is One Hundred Eleven Million Three Hundred Seventy-Seven Thousand Nine Hundred Sixty-One and 68/100 Dollars ($111,377,961.68).
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No Additional Loans. Incur, create, assume or permit to exist any mortgage warehousing loans, working capital loans or gestation loans except (a) to Lenders under the terms of this Agreement, (b) liens on its investments and securities which have been margined by Borrower for working capital purposes, provided that the Borrower complies with Section 6.15(v) of this Agreement, (c) gestation-type or sale-purchase loan facilities for the purpose of temporarily bulking/accumulating Non-Conforming Mortgage Loans previously funded by the Lenders under the terms of this Agreement, and (d) loans secured by liens permitted under Section 7.02 hereof.
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No Additional Loans. In no event shall ▇▇▇▇▇ be deemed to hereby consent to the advancement of funds by New Lenders to BounceBack in excess of the aggregate principal amount of up to $500,000.00, or consent to any other loan by any party to BounceBack.
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No Additional Loans. Notwithstanding anything to the contrary set forth in the Loan Agreement (including Section 1 of the Schedule to Loan Agreement), Borrower acknowledges and agrees that Lender shall have no obligation to make any additional Loans.
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Related to No Additional Loans

  • Additional Loans Administrative Agent shall not make any Loans or provide any Letter of Credit Accommodations to any Borrower on behalf of Lenders intentionally and with actual knowledge that such Loans or Letter of Credit Accommodations (a) would cause the aggregate amount of the total outstanding Tranche A Revolving Loans and Letter of Credit Accommodations to exceed the Tranche A Borrowing Base and (b) would cause the aggregate amount of the total outstanding Loans and Letter of Credit Accommodations to exceed the Total Borrowing Base, in each case, without the prior consent of all Lenders, except, that, Administrative Agent may make such additional Loans or provide such additional Letter of Credit Accommodations on behalf of Lenders, intentionally and with actual knowledge that such Loans or Letter of Credit Accommodations will cause the total outstanding Tranche A Revolving Loans and Letter of Credit Accommodations to exceed the Tranche A Borrowing Base or cause total outstanding Loans and Letter of Credit Accommodations to exceed the Total Borrowing Base, as Administrative Agent may deem necessary or advisable in its discretion, provided, that: (i) the total principal amount of the additional Loans or additional Letter of Credit Accommodations to any Borrower which Administrative Agent may make or provide after obtaining such actual knowledge that the aggregate principal amount of the Loans equal or exceed the Tranche A Borrowing Base or the Total Borrowing Base, as applicable, plus the amount of Special Administrative Agent Advances made pursuant to Sections 12.11(a)(i) and (ii) hereof then outstanding, shall not exceed $75,000,000 and shall not cause the total principal amount of the Loans and Letter of Credit Accommodations to exceed the Maximum Credit or the Tranche A Loans to exceed the Tranche A Maximum Credit or the Tranche A-1 Loans to exceed the Tranche A-1 Maximum Credit and (ii) no such additional Loan or Letter of Credit Accommodation shall be outstanding more than ninety (90) days after the date such additional Loan or Letter of Credit Accommodation is made or issued (as the case may be), except as the Required Tranche A Lenders, Required Tranche A-1 Lenders and Required Tranche A-2 Lenders may otherwise agree and no such additional Loans may exist for at least five (5) consecutive days thereafter before further such additional Loans may be made at the end of such ninety (90) day period. Each Lender shall be obligated to pay Administrative Agent the amount of its Pro Rata Share of any such additional Loans or Letter of Credit Accommodations. The Required Lenders may by written notice to Administrative Agent revoke the authority of Administrative Agent to make future additional Loans pursuant to this Section 12.8 at any time.

  • Loans The Sponsor has agreed to make loans to the Company in the aggregate amount of up to $300,000 (the “Insider Loans”) pursuant to a promissory note substantially in the form annexed as an exhibit to the Registration Statement. The Insider Loans do not bear any interest and are repayable by the Company on the earlier of December 31, 2021 or the consummation of the Offering.

  • Other Loans In the event the Partnership is in need of additional funds other than an FF&E Loan or a Capital Improvement Loan, the Company may, but shall not be obligated to, make loans to the Partnership in such amounts as are necessary. Any such loan shall bear interest at a rate, and shall have repayment terms, as the General Partner shall reasonably determine.

  • Delayed Draw Term Loans (a) During the Delayed Draw Term Loan Availability Period, the Borrower may request, in accordance with this Section 2.5(a), up to four (4) draws of delayed draw term loans (the “Delayed Draw Term Loans”) in an aggregate principal amount not to exceed the Delayed Draw Term Loan Amount. Each such draw of Delayed Draw Term Loans shall be in a minimum amount of $25,000,000, or an amount equal to the remaining Delayed Draw Term Loan Commitments. Each Borrowing of the Delayed Draw Term Loans shall be made on the date stated in the Borrower’s Notice of Borrowing delivered to the Agent (which shall be delivered no less than five (5) Business Days in advance of the proposed borrowing of Delayed Draw Term Loans) in connection therewith (each such borrowing date, a “Delayed Draw Funding Date”). Each existing Lender shall be offered the opportunity to provide (but, for the avoidance of doubt, shall have no obligation to provide) a portion of the Delayed Draw Term Loan Commitments requested by the Borrower on a pro rata basis based on such existing Lender’s Pro Rata Share of the Term Loans then outstanding; provided that (i) each existing Lender shall be deemed to decline to exercise its right to provide its Pro Rata Share of the Delayed Draw Term Loan Commitments if such Lender does not agree to provide such Delayed Draw Term Loan Commitments within five (5) Business Days after the Borrower delivers a written request for such Delayed Draw Term Loan Commitments to the Agent (on behalf of such Lender) and (ii) the Borrower may offer to additional potential Lenders (in addition to the existing Lenders) the ability to provide Delayed Draw Term Loan Commitments in its reasonable discretion. (b) The aggregate principal amount of the Delayed Draw Term Loans made on each Delayed Draw Funding Date shall not exceed the aggregate principal amount of the then remaining Delayed Draw Term Loan Commitments (in effect immediately prior to the making of such Delayed Draw Term Loans on such Delayed Draw Funding Date). The portion of each Lender’s Delayed Draw Term Loan Commitment corresponding to the Delayed Draw Term Loan funded by such Delayed Draw Term Loan Lender shall be permanently terminated immediately and without further action upon the funding of such Delayed Draw Term Loan on the applicable Delayed Draw Funding Date. The Delayed Draw Term Loan Commitment shall be permanently terminated immediately and without further action upon the funding of all of the Delayed Draw Term Loans on the Delayed Draw Funding Date(s). (c) The proceeds of the Delayed Draw Term Loans shall be used (i) to consummate one or both of the First Amendment Acquisitions, (ii) to prepay the ABL Facility Indebtedness and (iii) for general corporate and other working capital purposes. (d) The Borrower and each Delayed Draw Term Loan Lender shall execute and deliver to the Agent such documentation as the Agent shall reasonably specify to evidence the Delayed Draw Term Loan Commitment of such Delayed Draw Term Lender and, if applicable, the joinder of such Delayed Draw Term Loan Lender to this Agreement and the other Loan Documents. (e) All other terms of the Delayed Draw Term Loans are as set forth in the First Amendment and this Agreement.

  • Additional Loan Parties (a) Notify the Agent promptly after any Person becomes a Subsidiary (other than any Excluded Subsidiary but including any Unrestricted Subsidiary being reclassified as a Restricted Subsidiary, and promptly thereafter (and in any event within fifteen (15) Business Days) if requested by the Agent, (i) cause any such Person to become a Co-Borrower or Guarantor, as applicable, by executing and delivering to the Agent a joinder agreement to this Agreement or a counterpart of the Guaranty or such other document as the Agent shall deem reasonably appropriate for such purpose, (ii) grant a perfected Lien to the Agent on such Person’s assets on the same types of assets which constitute Collateral under the Collateral Documents to secure the Obligations, and (iii) deliver to the Agent documents of the types referred to in clauses (ii) and (iii) of Section 4.3(a) and if requested by the Agent, favorable opinions of counsel to such Person (which shall cover, among other things, the legality, validity, binding effect and enforceability of the documentation referred to in clause (a)), and (b) if any Equity Interests or Indebtedness of such Person are owned by or on behalf of any Loan Party, to pledge such Equity Interests and promissory notes evidencing such Indebtedness, in each case in form, content and scope reasonably satisfactory to the Agent. In no event shall compliance with this Section 9.9 waive or be deemed a waiver or consent to any transaction giving rise to the need to comply with this Section 9.9 if such transaction was not otherwise expressly permitted by this Agreement or constitute or be deemed to constitute, with respect to any Subsidiary, an approval of such Person as a Borrower or Guarantor.